If you’re dealing with banking in KACHHARIYA, a locality in Nalanda, Bihar, understanding your bank’s IFSC code is essential. This unique code acts like a digital address for bank branches, making sure your money goes to the right place during online fund transfers. Whether you’re sending money via NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the correct IFSC code is a must-have for a smooth and secure transaction.
Bihar Gramin Bank KACHHARIYA Branch Details
Here are the specific details for the Bihar Gramin Bank branch in KACHHARIYA:
| Bank Name | Bihar Gramin Bank |
| Branch Name | KACHHARIYA |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7169 |
| Branch Address | KACHHARIYA, Nalanda, 801302, 9771464169 |
| Contact Number | 9771464169 |
| City | Nalanda |
| District | Nalanda |
| Reason | BIHARSHARIF |
| Pincode | 801302 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
The Bihar Gramin Bank, which the KACHHARIYA branch belongs to, is the result of a significant merger. Previously, there were separate entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form a unified entity, now operating as Bihar Gramin Bank. This unified bank functions under the sponsorship of Punjab National Bank.
Due to this merger, a single, standardized IFSC code has been adopted for all branches of the unified Bihar Gramin Bank. The new IFSC code is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously used for branches of UBGB or DBGB are no longer valid. For any fund transfers to or from KACHHARIYA, or any other Bihar Gramin Bank branch, you must use the new and valid IFSC code PUNB0MBGB06. Using an old or revoked IFSC code will cause your transaction to fail.
What is an IFSC Code?
An IFSC, or Indian Financial System Code, is an 11-character alphanumeric code. It’s unique to each bank branch in India. The Reserve Bank of India (RBI) assigns these codes to help identify specific branches during electronic fund transfers. Think of it as a unique address for each bank branch that machines can easily read.
- The first four characters represent the bank name. For example, “PUNB” in PUNB0MBGB06 stands for Punjab National Bank, the sponsoring bank.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters identify the specific branch. In our example, “MBGB06” points to a particular branch of Bihar Gramin Bank within its network.
How to Use an IFSC Code
Using the IFSC code is simple once you know it. It’s a key piece of information you’ll need for most online money transfers:
- For NEFT (National Electronic Funds Transfer): When you want to send money using NEFT, you’ll need the recipient’s bank account number, their name, and the IFSC code of their bank branch. You’ll enter these details into your bank’s online banking portal or mobile app. The NEFT system processes transactions in batches throughout the day.
- For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, usually above Rs. 2 lakhs. Similar to NEFT, you’ll need the recipient’s bank account number, name, and the IFSC code of their branch. RTGS transactions are processed individually as soon as they are initiated, offering real-time settlement.
- For IMPS (Immediate Payment Service): IMPS allows you to send money instantly, 24/7, even on holidays. You can use it with the recipient’s bank account number and IFSC code, or sometimes with their mobile number and MMID (Mobile Money Identifier).
Always double-check the IFSC code before confirming a transaction to prevent sending money to the wrong account.
Benefits of Knowing Your IFSC Code
Having the correct IFSC code at hand offers several advantages:
- It ensures that your online fund transfers reach the correct recipient’s bank branch.
- It makes NEFT, RTGS, and IMPS transactions possible, enabling fast and secure money transfers.
- It helps to avoid delays and failed transactions that can occur with incorrect banking information.
- It is a standard identifier used across all banks in India for electronic transfers.
- It simplifies the process of sending and receiving money, both for individuals and businesses.
Contact Information
For any queries related to the KACHHARIYA branch or Bihar Gramin Bank, you can use the following contact details:
- KACHHARIYA Branch Phone Number: 9771464169
- KACHHARIYA Branch Address: KACHHARIYA, Nalanda, 801302, Bihar
- Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Q1: What should I do if my online transaction fails due to an incorrect IFSC code?
A: If your transaction fails because of an incorrect IFSC code, the money will generally be reversed to your account within a few hours or the next working day. The banking system recognizes the invalid code and prevents the transfer. Always verify the IFSC code before attempting a new transaction.
Q2: Can I use the KACHHARIYA branch’s IFSC code for transactions to other banks?
A: Yes, you use the recipient’s bank branch’s IFSC code when sending money to them. For example, if you are sending money from KACHHARIYA Bihar Gramin Bank to an account in SBI, you will need the SBI branch’s IFSC code, not your own KACHHARIYA branch’s IFSC code.
Q3: Is the IFSC code the same as the MICR code?
A: No, the IFSC code and MICR code are different. The IFSC code (Indian Financial System Code) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing physical cheques. Each serves a different purpose in the banking system.
Q4: How can I find the IFSC code for another Bihar Gramin Bank branch?
A: You can find the IFSC code for any Bihar Gramin Bank branch by visiting the bank’s official website. You can also find it on your bank passbook, cheque book, or by using reliable online banking portals or third-party financial service websites.
Q5: What if I accidentally use an old, revoked IFSC code for a Bihar Gramin Bank transfer?
A: If you use an old, revoked IFSC code for a Bihar Gramin Bank transaction, the transfer will likely fail. The banking system will not recognize the outdated code. The funds should be returned to your account. Always ensure you are using the current, unified IFSC code, PUNB0MBGB06, for all Bihar Gramin Bank transactions.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.